Residential Landlords have a legal obligation to pay deposits received from tenants into a deposit protection scheme?
Your deposit must be protected if you have an Assured Shorthold Tenancy Agreement which is the most common type of tenancy agreement used for residential properties.
A Landlord or Agent has to protect your deposit with an authorised scheme and give you certain written information about the scheme within 30 days from when you pay your deposit. The deposit must remain protected throughout the tenancy.
A Landlord or Agent must provide you with their own contact details and the contact details of the Deposit Protection Scheme they use to protect a deposit.
The Landlord or Agent must also give you a scheme leaflet and written information about:
Landlords can be penalised by the Courts where they fail to protect a deposit within the time limits provided.
A Tenant could make a compensation claim against a Landlord or Agent who fails to protect a deposit or protect it late.
A Tenant has 6 years to make a claim for compensation and they do not need to wait until their tenancy has ended and moved on.
If you are a Tenant and want to make a compensation claim against your Landlord if they have breached any of their obligations regarding the protection of your deposit.
More information can be found here.